May 19, 2010

Nets majority owner Mikhail Prokhorov meets with his new staff


The mayor had a power-packed breakfast this morning, hosting the major players behind the Atlantic Yards development project at Gracie Mansion.

Bagels were on the menu for this morning's breakfast meeting between Mayor Michael Bloomberg, Nets majority owner Mikhail Prokhorov, arena developer Bruce Ratner and Nets co-owner Shawn "Jay-Z" Carter.

Prokhorov is in the city this week to take park in the NBA draft, after closing on a deal last week to buy 80 percent of the Nets and 40 percent of the arena, which will be called the Barclay Center. The arena is now under construction at the former site of the Atlantic Yards in Brooklyn.

The Nets owner is making basketball history with his purchase of the team, as it is the first time there is an NBA team owner from outside of North America.

Prokhorov says he promises to build a championship team, going so far to predict that as soon as next year the poorly-performing Nets will have a playoff-caliber team. He says the team will be able to win a championship title within the next five years.

The Nets finished last season with a league worst 12-70 record.



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